Bitcoin Rallies Into Resistance With Traders Watching for Breakout Confirmation
Bitcoin price started a fresh increase above $90,000. BTC is now testing the key barrier at $93,000 and might attempt an upside break. Bitcoin started a fresh increase above the $90,000 zone. The price is trading above $90,500 and the 100 hourly Simple moving average. There is a bullish trend line forming with support at $90,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move up if it settles above the $93,000 zone. Bitcoin Price Surges Over 5% Bitcoin price managed to stay above the $84,000 zone and started a fresh increase. BTC gained....
Related News
Bitcoin is currently trading at $90,800 after a strong 13% rebound from the $81,000 level, as bulls attempt to regain control of price action. After days of volatility and uncertainty, Bitcoin’s recovery has renewed optimism in the market, but traders remain cautious as BTC faces key resistance levels. Related Reading: 2.23 Million Chainlink Moved To Exchanges In Two Weeks – Selling Pressure Incoming? All eyes are now on Friday’s President Trump Crypto Summit, where he is expected to announce a definitive plan for the U.S. Strategic Crypto Reserve. This event could have a major impact on....
The Dogecoin price looks set to witness a breakout above the psychological $1 level, having broken a resistance trendline. Crypto analyst Trader Tardigrade provided a timeline for when this massive surge could happen as DOGE rallies to a new all-time high (ATH). Dogecoin Price Eyes Rally Above $1 Following Breach Of Resistance Trendline In an […]
Shortly before the markets opened in Europe this morning, we published our twice-daily bitcoin price watch piece here on NewsBTC. In the piece, we suggested that - with the recent volatility we had seen in the bitcoin price over the weekend - we could benefit from adapting our traditional intraday breakout strategy to take advantage of an intra-range entry, as defined by both in term support and resistance. We also highlighted the potential for a breakout entry, and suggested that - according to the same levels we were watching for our intra-range entries - we could get long or short if we....
Bitcoin price has barely moved from its range as traders reduce their exposure to event risks, but strong breakouts could still encounter nearby support and resistance. The 100 SMA is below the 200 SMA so the path of least resistance is still to the downside. However, the short-term moving average is inching closer to the longer-term SMA so an upward crossover might be possible, enough to indicate that further gains are in the cards. In that case a test of the channel resistance might happen near the 61.8% Fib or the $420 area of interest. If this keeps rallies in check, bitcoin price....
Normally, in our bitcoin price watch pieces, we publish the levels that we will be watching throughout the day in terms of our in term support and in term resistance levels, with the intention that our readers can use these levels to dictate their intraday trading in the bitcoin price during whatever session the article covers. However, in today's piece, and primarily as a result of what's happening in Greece, we are going to do something little different. Action this morning has already produced some interesting volatility, and we have just broken through a level that we have been....